CBOT weekly outlook: Spec selling pressures corn, soy

CNS Canada -- A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the U.S. Department of Agriculture released production estimates on Sept. 12 that were higher than expected. According to a trader, these and other challenges have painted a bearish picture[...]

CBOT weekly outlook: Heavy rains threaten soybean quality

CNS Canada -- Heavy rains across the U.S. Midwest and a murky outlook on international trade appear ready to drive down the soybean market in the lead-up to next week's supply and demand report. The U.S. Department of Agriculture will release its monthly estimates on Sept. 12 and traders have already started to take positions.[...]


CBOT weekly outlook: Corn, soybeans look to wheat for support

CNS Canada -- Corn futures on the Chicago Board of Trade chopped around for much of the week ended July 25, but could be poised to move higher. There are ideas a trade deal between the U.S. and Mexico could be reached over some agricultural commodities such as corn, according to Jack Scoville of Price[...]

CBOT weekly outlook: Corn, soy run into strengthening U.S. currency

CNS Canada -- The growing currency crisis in Turkey is starting to impact other economies throughout the world, and by extension commodities such as soybeans and corn. As the Turkish lira drops in value, many investors have begun to put their money into the U.S. currency. It's a common move when markets are troubled as[...]


ICE weekly outlook: Canola to face pressure from northbound U.S. soy

CNS Canada -- As Friday's deadline nears for Chinese tariffs to be imposed on imports of U.S. soybeans, so too does the idea that eastern crushers could soon be bringing those unwanted beans into Canada. "Soybeans have become so cheap we're going to find them leaking across the border, especially into Ontario," said Mike Jubinville[...]

CBOT weekly outlook: Soybeans should benefit as China lifts tariffs

CNS Canada -- The $9 a bushel mark seems like a distant memory for soybeans as import tariffs between China and the U.S. continue to sap buying interest in the crop. China buys roughly 60 per cent of the United States' annual soy exports -- and there's no telling when or how that shortfall will[...]


CBOT weekly outlook: Corn, soy sinking below major support

CNS Canada -- Corn and soybean futures on the Chicago Board of Trade softened in value during the week ended Wednesday and could be set to drop even more as growing conditions improve in the U.S. Rainy conditions across the U.S. Midwest and Plains have pressured prices in recent days. The July corn contract sunk[...]

CBOT weekly outlook: Corn, soybeans try to halt slide

CNS Canada -- The future looks hot and dusty for corn and soybeans in the U.S. Midwest and central Plains over the next week or so. While crops in the U.S. are generally off to a good start so far this year, the heat could still bring some much-needed support to both commodities. The July[...]


CBOT weekly outlook: Limited upside seen for U.S. soybeans

CNS Canada -- It's a fluid set of circumstances for the U.S. soybean market these days as U.S. negotiators head to China in a bid to get proposed tariffs lowered on U.S. imports -- but the potential for any major rally appears limited. "I would say the beans have a more limited upside than the[...]

CBOT weekly outlook: Soy poised for move higher, waiting on China

CNS Canada -- Soybean contracts on the Chicago Board of Trade could be poised to rally, if and when China and the U.S. reach an agreement over trade issues. According to Terry Reilly, a senior commodity analyst with Futures International in Chicago, people are starting to get excited over rumours a deal may be close.[...]